Answer:
$90
Explanation:
Nominal GDP is GDP calculated using current year prices.
Nominal GDP = current year prices x unit of output
18 x $5 = $90
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
Answer:
Variable manufacturing overhead rate variance= $664 favorable
Explanation:
Giving the following information:
Variable overhead 0.2 hours $ 5.10 per hour
The company used 1,660 direct labor-hours to produce this output. The actual variable overhead cost was $7,802.
<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Actual rate= 7,802/1,660= $4.7
Variable manufacturing overhead rate variance= (5.1 - 4.7)*1,660
Variable manufacturing overhead rate variance= $664 favorable
Answer:
A) a person who forms and operates a business
Explanation:
An entrepreneur is a person who forms and operates a business. An entrepreneur is one of the factors of production. Other factors include land, labour and capital.
An entrepreneur takes up the financial risk of a business.
An entrepreneur earns profit or loss.
A shareholder is a person who invests in an existing business
A bondholder is a person who lends capital to a new business
I hope my answer helps you.
If the supply of cell phones increases, the price of cell phones will reduce and the quantity of cell phones would increase.
<h3>What is the impact of an increase in the price of cell phones?</h3>
When the market of a good is in equilibrium and the supply for a good increases, the supply curve would shift to the right while the demand curve remains unchanged.
At the new equilibrium of the supply curve and the demand curve, price would be lower and quantity would be higher.
To learn more about an increase in supply, please check: brainly.com/question/14727864
#SPJ1
When the bonds will mature, the company will receive, maturity value plus the interest earned on the bonds.
The maturity value will be the par value, as nothing is given, the bonds are redeemed at par value i.e. $ 46,000.
The interest income will be calculated as -
Interest Income = 7 % * $ 46,000 = $ 3,220
Thus, the total cash proceeds = $ 46,000 + $ 3,220 = $ 49,220